Can I retire at age 55 with 1,270,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$104,875$103,941$103,030$102,140$101,272$100,131
2 years$51,919$50,952$50,014$49,106$48,225$47,076
3 years$34,269$33,297$32,363$31,463$30,596$29,475
4 years$25,445$24,477$23,552$22,667$21,821$20,737
5 years$20,153$19,190$18,277$17,410$16,588$15,544
6 years$16,625$15,670$14,771$13,923$13,126$12,123
7 years$14,107$13,160$12,274$11,447$10,675$9,713
8 years$12,219$11,281$10,410$9,603$8,856$7,935
9 years$10,751$9,822$8,966$8,179$7,458$6,579
10 years$9,578$8,657$7,817$7,051$6,354$5,516
11 years$8,618$7,707$6,882$6,136$5,465$4,666
12 years$7,819$6,918$6,107$5,382$4,736$3,976
13 years$7,144$6,251$5,456$4,752$4,130$3,408
14 years$6,565$5,682$4,903$4,218$3,620$2,935
15 years$6,064$5,191$4,426$3,762$3,187$2,538
16 years$5,627$4,763$4,013$3,368$2,817$2,203
17 years$5,241$4,386$3,652$3,026$2,498$1,917
18 years$4,898$4,053$3,334$2,727$2,221$1,673
19 years$4,592$3,756$3,052$2,464$1,980$1,462
20 years$4,316$3,491$2,801$2,232$1,768$1,281
21 years$4,068$3,251$2,576$2,026$1,582$1,124
22 years$3,842$3,035$2,374$1,842$1,418$987
23 years$3,636$2,839$2,192$1,677$1,273$869
24 years$3,447$2,660$2,028$1,530$1,144$765
25 years$3,274$2,496$1,878$1,397$1,030$674
26 years$3,115$2,346$1,742$1,277$928$595
27 years$2,967$2,208$1,617$1,169$836$525
28 years$2,831$2,080$1,503$1,071$755$463
29 years$2,704$1,962$1,399$982$681$410
30 years$2,585$1,853$1,303$902$616$362
31 years$2,475$1,752$1,215$828$557$320
32 years$2,371$1,658$1,134$761$503$283
33 years$2,274$1,570$1,058$700$456$251
34 years$2,183$1,488$989$644$413$222
35 years$2,098$1,411$925$593$374$197
36 years$2,017$1,339$865$546$339$174
37 years$1,941$1,272$810$503$307$154
38 years$1,869$1,209$758$464$278$137
39 years$1,801$1,150$710$427$252$121
40 years$1,736$1,094$666$394$229$107
41 years$1,675$1,041$624$364$208$95
42 years$1,617$992$586$336$188$84
43 years$1,562$945$549$310$171$75
44 years$1,509$901$516$286$155$66
45 years$1,459$859$484$264$141$59
46 years$1,411$819$455$244$128$52
47 years$1,365$782$427$226$116$46
48 years$1,322$746$402$208$105$41
49 years$1,280$713$377$193$96$36
50 years$1,240$681$355$178$87$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,270,000, adding $2,769 every year, while hoping to spend $23,134 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 63/30/7 Blend
54$1,270,000$1,270,000$1,270,000$1,270,000
55$1,402,396$1,335,086$1,315,401$1,488,710
56$1,520,826$1,375,891$1,334,853$1,587,413
57$1,650,561$1,417,920$1,354,181$1,692,170
58$1,792,728$1,461,209$1,373,356$1,805,947
59$1,948,572$1,505,793$1,392,349$1,929,615
60$2,119,461$1,551,712$1,411,127$2,064,134
61$2,306,903$1,599,002$1,429,657$2,210,562
62$2,512,558$1,647,705$1,447,902$2,370,061
63$2,738,257$1,697,860$1,465,824$2,543,910
64$2,986,013$1,749,509$1,483,383$2,733,520
65$3,258,047$1,802,695$1,500,537$2,940,442
66$3,556,803$1,857,463$1,517,240$3,166,383
67$3,884,975$1,913,857$1,533,446$3,413,226
68$4,245,530$1,971,923$1,549,104$3,683,039
69$4,641,737$2,031,710$1,564,161$3,978,106
70$5,077,196$2,093,266$1,578,563$4,300,935
71$5,555,875$2,156,641$1,592,250$4,654,295
72$6,082,145$2,221,887$1,605,161$5,041,231
73$6,660,821$2,289,057$1,617,231$5,465,097
74$7,297,208$2,358,204$1,628,392$5,929,590
75$7,997,152$2,429,384$1,638,571$6,438,780
76$8,767,092$2,502,655$1,647,694$6,997,151
77$9,614,125$2,578,074$1,655,681$7,609,641
78$10,546,067$2,655,702$1,662,448$8,281,691
79$11,571,534$2,735,599$1,667,908$9,019,295
80$12,700,016$2,817,829$1,671,969$9,829,055
81$13,941,971$2,902,456$1,674,533$10,718,245
82$15,308,922$2,989,546$1,675,500$11,694,879
83$16,813,565$3,079,167$1,674,762$12,767,784
84$18,469,891$3,171,388$1,672,209$13,946,688
85$20,293,314$3,266,280$1,667,722$15,242,306
86$22,300,821$3,363,916$1,661,179$16,666,445
87$24,511,127$3,464,371$1,652,451$18,232,113
88$26,944,856$3,567,719$1,641,402$19,953,643
89$29,624,734$3,674,040$1,627,892$21,846,827
90$32,575,802$3,783,413$1,611,771$23,929,064
91$35,825,653$3,895,920$1,592,885$26,219,526
92$39,404,693$4,011,643$1,571,070$28,739,337
93$43,346,427$4,130,669$1,546,156$31,511,774
94$47,687,776$4,253,085$1,517,965$34,562,481
95$52,469,422$4,378,979$1,486,310$37,919,721
96$57,736,197$4,508,444$1,450,996$41,614,631
97$63,537,503$4,641,571$1,411,818$45,681,525
98$69,927,776$4,778,456$1,368,562$50,158,209
99$76,967,005$4,919,196$1,321,005$55,086,347
100$84,721,294$5,063,891$1,268,912$60,511,845